When you’re applying for a mortgage, one of the most important pieces of documentation you’ll be asked to provide is proof of where your down payment is coming from. This isn’t just about showing a balance—it’s about showing a clear and consistent history of the funds in the accounts you’re using.
In this post, we’ll walk you through how to use your online banking to:
View and download transaction history/activity
Access monthly statements
Save everything in the correct format for your mortgage application
Let’s get started!
🔍 Why This Information Is Required
Lenders are legally required to comply with FINTRAC rules (Canada’s anti-money laundering and anti-terrorist financing body). That means they must verify that the funds used for a down payment are legitimate and clearly traceable.
👉 Click here to view the Down Payment Guide
🏦 How to Find Your Account Activity (Transaction History)
Most Canadian banks allow you to filter and view recent activity online. Here’s how to do it on most platforms:
General Steps:
Log in to your online banking.
On the homepage, click on the account where your down payment funds are held (chequing, savings, TFSA, etc.).
Look for options like “Account Activity”, “Transactions”, or “View History”.
Set the date range to cover at least the last 90 days.
Save or download the full history as a PDF using your browser or banking app’s built-in save or print features. If you have a PC, you can right click on your mouse and choose print.
📌 TIP: If your online banking doesn’t show your name on transaction history pages, pair this document with a monthly statement that does.
📄 How to Access Monthly Statements
Statements are another great way to provide proof of funds and account ownership.
To find them:
1. Go to your online banking’s “Statements” or “Documents” section (sometimes under “e-Statements”).
2. Choose the relevant account.
3. Download the last 3 months of statements as PDFs.
4. Make sure each statement includes:
– Your full name
– Account number
-All pages (even if they are blank or summary pages)
💾 How to Save Your Documents as PDFs
Whether you’re using a computer or your phone, you can save your banking documents electronically. Check out our guide on How To Save Documents Electronically here for step-by-step instructions for PC, Mac, iPhone, and Android users.
🧠 Final Thoughts
Using your online banking to provide clear, complete documentation of your down payment is a great way to keep your mortgage application moving forward—without unnecessary back-and-forth trips to your bank.
We’re here to help you every step of the way!
